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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below summarizes our financial assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2025:

 

 

 

Asset (Liability) Carrying
Value at
September 30,
2025

 

 

Quoted Prices
in Active
Markets for
Identical
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Interest rate swaps

 

$

636

 

 

$

—

 

 

$

636

 

 

$

—

 

Foreign currency hedges

 

$

3,760

 

 

$

—

 

 

$

3,760

 

 

$

—

 

Cross-currency swap

 

$

(1,056

)

 

$

—

 

 

$

(1,056

)

 

$

—

 

Qualified replacement plan assets

 

$

9,522

 

 

$

9,522

 

 

$

—

 

 

$

—

 

Contingent consideration

 

$

(4,451

)

 

$

—

 

 

$

—

 

 

$

(4,451

)

 

The table below summarizes the financial assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2024:

 

 

 

Asset (Liability) Carrying
Value at
December 31,
2024

 

 

Quoted Prices
in Active
Markets for
Identical
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Interest rate swaps

 

$

1,503

 

 

$

—

 

 

$

1,503

 

 

$

—

 

Foreign currency hedges

 

$

(2,992

)

 

$

—

 

 

$

(2,992

)

 

$

—

 

Cross-currency swap

 

$

324

 

 

$

—

 

 

$

324

 

 

$

—

 

Qualified replacement plan assets

 

$

11,380

 

 

$

11,380

 

 

$

—

 

 

$

—

 

Contingent consideration

 

$

(7,028

)

 

$

—

 

 

$

—

 

 

$

(7,028

)
Roll-forward of the Contingent Consideration

A roll-forward of the contingent consideration is as follows:

 

 

 

 

 

 

 

 

 

 

Contingent
Consideration

 

Balance at December 31, 2024

 

$

7,028

 

   Change in fair value

 

 

(2,577

)

Balance at September 30, 2025

 

$

4,451